Primark's owner falls into pension deficit

Kristian Brunt-Seymour
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Primark's owner falls into pension deficit

Associated British Foods (ABF) expects its defined benefit (DB) scheme to have a £200m deficit by the end of 2016 due to tumbling bond yields.

The FTSE 100 company which owns retailer Primark made the revelation in its pre-close period trading statement after the scheme had a £90m funding surplus last September. The £3bn UK scheme whic...

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